Velocity Outdoor completed the acquisition of Ravin Crossbows for $94m.

Velocity Outdoor, subsidiary of Compass, completed the acquisition of Ravin Crossbows, designer and manufacturer of crossbows and accessories for $94m. "We are pleased to have acquired one of the most recognizable brands among crossbow enthusiasts, representing our second accretive add-on acquisition for Velocity Outdoor since acquiring the company in 2017. Consistent with the add-on acquisition of LaserMax last year, this transaction further expands Velocity Outdoor's presence in attractive growth markets, creates new cross-selling opportunities for the company and expands its diverse portfolio of brands across retail and dealer channels. As we progress through the year, our strong financial position continues to enable us to identify and pursue acquisitions that build long-term shareholder value and support our ability to provide stable cash distributions," Elias Sabo, Compass CEO.